Unit 10: Personal Finance
Terms in this set (19)
The job of acquiring and managing funds.
an estimate of income and expenditure for a set period of time;
A written cash flow plan
Portion of income not spent on consumption
Unforeseen events and obstacles that can negatively affect business
The act of purchasing goods and services by paying cash or using credit.
making good decisions based on what is logical and on evidence
Those who invest their funds in a business; may be owners or stockholders
Money put into an account intended for growth
whatever must be given up to obtain some item
A sum paid or charged for the use of money or for borrowing money
The financial gain made in a transaction
a reason for doing something; something that stimulates action
An improvement of an existing technological product, system, or method of doing something.
the cost required for something; the money spent on something.
An arrangement to receive cash, goods, or services now and pay for them in the future.
a small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit.
A measure of an individual's credit risk; calculated from a credit report using a standardized formula (Experian, Equifax & Transunion); ranges from 300-850; 675 and up is decent; 750 is good; the higher the better
the left side of an account
A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder